Monday, August 31, 2009

Questions for Geithner regarding commercial mortgage modification

By Ted Schmidt

I was invited to Washington, D.C. by CNBC to question Treasury Secretary Tim Geithner in a town-hall meeting on September 10. The question I plan to ask is this:

In July you testified before the House Financial Services Committee. Rep. Maloney asked what administrative guidance the Treasury will issue regarding commercial loan modifications as they did with residential modifications. You said "we have not made a judgment as to whether that is necessary, appropriate or possible and would be willing to discuss it in more detail". Would you please elaborate on what plans the Treasury has to address the issue of commercial modifications?

What would you ask him?




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